NSECredit Rating10 Jul 2026 · 10 Jul 2026, 06:54 pm
Credit Rating
GMR AIRPORTS LIMITED · GMRAIRPORT
✦ AI Summary▲ PositiveRating Change
GMR Airports Limited has informed the exchange that CARE Ratings Limited has upgraded its ratings for the company's non-convertible bonds, long-term bank facilities, and short-term bank facilities.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
GMR AIRPORTS LIMITED has informed the Exchange about Credit Rating
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GMRINFRA_10072026185332_10072026-CREDITRATING.pdf
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GMR AIRPORTS LIMITED
(Formerly GMR Airports Infrastructure Limited)
July 10, 2026
BSE Limited, National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Plot no. C/1, G Block,
Mumbai 400001. Bandra-Kurla Complex
Equity Scrip: 532754 Bandra (E)
Debt Scrip: 976449, 976601, Mumbai - 400051
977026, 977027 Symbol: GMRAIRPORT
Sub: Intimation under Regulations 30, 51 and 55 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 –
Credit Ratings
Dear Sir/Madam,
In terms of Regulation 30, 51,55 read with Schedule III of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (SEBI Listing Regulations), we wish to inform you that
CARE Ratings Limited, a Credit Rating Agency, has upgraded its ratings from
“CARE A; Stable” to “CARE A+; Positive” for the Non-Convertible Bonds
issued by the Company amounting to upto Rs. 1500 crores only.
Further, CARE Ratings Limited has upgraded its ratings from “CARE A;
Stable” to “CARE A+; Positive” for the Long Term Bank Facilities availed/to
be availed by the Company and has upgraded its rating from “CARE A1” to
“CARE A1+” for the Short Term bank facilities availed by the Company.
The copy of the letter issued by Care Ratings Limited is available on the
website of the Company.
The information required under Regulation 55 of SEBI Listing Regulations and
SEBI Operational Circular number SEBI/HO/DDHS/DDHS_Div1/P/CIR/
2022/0000000103 dated July 29, 2022, as amended from time to time,
regarding Annual review of the Credit ratings assigned to the Non-Convertible
Bonds issued by the Company, is annexed herewith.
Request you to take the above information on records.
Thanking you,
for GMR Airports Limited
(Formerly GMR Airports Infrastructure Limited)
T. Venkat Ramana
Company Secretary &
Compliance Officer
Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037
Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India
CIN L52231HR1996PLC113564 T +91 124 6637750 E gal.cosecy@gmrgroup.in W www.gmraero.com
Annexure
Information required under Regulation 55 and SEBI Operational Circular
number SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103 dated July
29, 2022, as amended from time to time, regarding Annual review of the
Credit ratings assigned to the Non-Convertible Bonds issued by the Company
Details of credit rating
Current rating details
S ISIN Name Credit Outlook Rating SpecifDate ofV erificaDate of
r. of the rating (Stable/ Action y Credit tion verificati
N Credit assign Positive (New/ other rating status on
o. Rating ed / Upgrade rating of
Agency Negative/ action Credit
/ No Downgra Rating
Outlook) de/ Re- Agenci
Affirm/ es
Other)
1 2 3 4 5 6 7 8 9 10
1 INE776 CARE CARE Positive Upgrade - July 09, Verifie July 09,
C08059 Ratings A+ d 2026 d 2026
Limited
2 INE776 CARE CARE Positive Upgrade - July 09, Verifie July 09,
C08067 Ratings A+ d 2026 d 2026
Limited
Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037
Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India
CIN L52231HR1996PLC113564 T +91 124 6637750 E gal.cosecy@gmrgroup.in W www.gmraero.com